Trending...
- Black Dog Venture Partners and VC Fast Pitch to Host "San Francisco Investors and Innovators" Networking Event
- New Book, The KI of Marketing, Helps Small Businesses Grow Without Trying to Outspend Bigger Competitors
- Master Of Science, Juggernaut Of The Screen: Landon Brittain Emerges As Hollywood's Most Unlikely Leading Man
Download
Pine Gate Renewables' Collier Solar project in Bend, Oregon. Generate Capital is providing Pine Gate Renewables with $500 million in strategic growth capital and asset financing to expand utility-scale solar. (Photo: Business Wire)
SAN FRANCISCO & ASHEVILLE, N.C.--(BUSINESS WIRE)--Generate Capital, a leading sustainable infrastructure investment and operating platform, today announced it has made a strategic growth investment in Pine Gate Renewables, a leading renewable energy developer for utility-scale solar and storage.
More on ncarol.com
The investment includes a $200 million equity investment and an additional $300 million commitment to a long-term asset partnership for solar project financing. The investment will provide Pine Gate with additional capital to fund construction and development of renewable energy projects and meet other general working capital purposes. Generate will also join Pine Gate's Board of Directors.
One of the leading solar and energy storage developers in the United States, Pine Gate owns and operates over 1 gigawatt of renewable energy projects. The company has more than 20 gigawatts in active development projects throughout the United States and has raised over $1 billion in corporate and project capital financing in the past six months.
"Pine Gate is thrilled to be partnering with Generate to accelerate the growth of our business," said Ben Catt, chief executive of Pine Gate. "Generate is a collaborative, experienced partner and shares Pine Gates' long-term vision of driving the energy transition and improving energy security by providing solar energy and battery storage to local communities across the country. Pine Gate is well-positioned as we continue to expand our national presence."
"Solar is the world's most affordable source of energy today and is a significant opportunity for Generate as utilities adapt to the strong demand from customers for more renewable resources," said Scott Jacobs, chief executive and co-founder of Generate. "The Pine Gate team has a strong track record of execution and growth and an innovative operating model that enables them to move fast to build projects across important solar and storage markets. We are excited to partner with this best-in-class team and support Pine Gate's continued expansion and market leadership."
The transaction was facilitated by Foley & Lardner LLP as legal adviser for Generate, and DNV GL as technical adviser. For Pine Gate, Lazard Ltd. served as financial adviser and Gibson, Dunn & Crutcher LLP as legal adviser.
About Pine Gate Renewables
Pine Gate Renewables is a leading renewable energy company focused on project development and strategic financing of solar and storage projects throughout the United States. From coast to coast, Pine Gate Renewables owns and operates renewable energy-generating projects that create positive impact on local communities and the nations' environmental footprint. Headquartered in Asheville, NC, Pine Gate Renewables debuted at #37 on the Inc. 5000 list in 2021 and was named to Fast Company's Most Innovative Companies list the same year. For more information, visit https://pinegaterenewables.com/.
More on ncarol.com
About Generate
Generate Capital, PBC is a leading sustainable infrastructure company driving the infrastructure revolution. Generate builds, owns, operates and finances solutions for clean energy, transportation, water, waste and digital infrastructure. Founded in 2014, Generate partners with over 50 technology and project developers and owns and operates more than 2,000 assets globally. Generate is the one-stop shop offering pioneers of the infrastructure revolution the money and help they need to get projects built. Our Infrastructure-as-a-Service model delivers affordable, reliable and sustainable resources to thousands of customers, companies, communities, school districts and universities. Together, we are rebuilding the world. For more information, please visit http://www.generatecapital.com
Contacts
For Generate
Emily Chasan
(415) 480-2914
press@generatecapital.com
For Pine Gate Renewables
Kim Wilson
(828) 222-0237
pr-marketing@pgrenewables.com
0) { // Create container for hi-res image jQuery('#bw-release-hires').append('
'); }; }); ]]>
Social Media Profiles
Contacts
For Generate
Emily Chasan
(415) 480-2914
press@generatecapital.com
For Pine Gate Renewables
Kim Wilson
(828) 222-0237
pr-marketing@pgrenewables.com
Pine Gate Renewables' Collier Solar project in Bend, Oregon. Generate Capital is providing Pine Gate Renewables with $500 million in strategic growth capital and asset financing to expand utility-scale solar. (Photo: Business Wire)
- Pine Gate Renewables' Collier Solar project in Bend, Oregon. Generate Capital is providing Pine Gate Renewables with $500 million in strategic growth capital and asset financing to expand utility-scale solar. (Photo: Business Wire)
SAN FRANCISCO & ASHEVILLE, N.C.--(BUSINESS WIRE)--Generate Capital, a leading sustainable infrastructure investment and operating platform, today announced it has made a strategic growth investment in Pine Gate Renewables, a leading renewable energy developer for utility-scale solar and storage.
More on ncarol.com
- Tryon Prepares for a Special Night of Music and Launch of Nina Simone and Samuel Waymon Scholarship
- Gigasoft 2026 JavaScript Chart Comparison: ProEssentials, Highcharts, SciChart, LightningChart, ECharts
- Experienced eXp Realty Agent Kerri Lawless Guides Buyers and Sellers Through Life's Next Chapters in St. Tammany Parish
- Supreme Garage Door Repair Redirects Marketing Dollars Into North Texas Communities
- RAS AP Consulting Spotlights Managed AP Governance™ at Esker All Access
The investment includes a $200 million equity investment and an additional $300 million commitment to a long-term asset partnership for solar project financing. The investment will provide Pine Gate with additional capital to fund construction and development of renewable energy projects and meet other general working capital purposes. Generate will also join Pine Gate's Board of Directors.
One of the leading solar and energy storage developers in the United States, Pine Gate owns and operates over 1 gigawatt of renewable energy projects. The company has more than 20 gigawatts in active development projects throughout the United States and has raised over $1 billion in corporate and project capital financing in the past six months.
"Pine Gate is thrilled to be partnering with Generate to accelerate the growth of our business," said Ben Catt, chief executive of Pine Gate. "Generate is a collaborative, experienced partner and shares Pine Gates' long-term vision of driving the energy transition and improving energy security by providing solar energy and battery storage to local communities across the country. Pine Gate is well-positioned as we continue to expand our national presence."
"Solar is the world's most affordable source of energy today and is a significant opportunity for Generate as utilities adapt to the strong demand from customers for more renewable resources," said Scott Jacobs, chief executive and co-founder of Generate. "The Pine Gate team has a strong track record of execution and growth and an innovative operating model that enables them to move fast to build projects across important solar and storage markets. We are excited to partner with this best-in-class team and support Pine Gate's continued expansion and market leadership."
The transaction was facilitated by Foley & Lardner LLP as legal adviser for Generate, and DNV GL as technical adviser. For Pine Gate, Lazard Ltd. served as financial adviser and Gibson, Dunn & Crutcher LLP as legal adviser.
About Pine Gate Renewables
Pine Gate Renewables is a leading renewable energy company focused on project development and strategic financing of solar and storage projects throughout the United States. From coast to coast, Pine Gate Renewables owns and operates renewable energy-generating projects that create positive impact on local communities and the nations' environmental footprint. Headquartered in Asheville, NC, Pine Gate Renewables debuted at #37 on the Inc. 5000 list in 2021 and was named to Fast Company's Most Innovative Companies list the same year. For more information, visit https://pinegaterenewables.com/.
More on ncarol.com
- ANSI BSR Upholds Appeal of AFDE Member Andrew Sulner, MSFS, JD, finding the AAFS Academy Standards Board (ASB) Violated ANSI Essential Requirements
- Kentucky's Plane Crash Data Lands Far from the State's Busiest Airports
- StockResearch AI Initiates Coverage on Apple (AAPL) With New Report Examining Valuation, AI Strategy and Future Growth
- Netberg Announces the Aurora X2 Switch Series, Built on Xsight Labs' Programmable X2 Silicon
- Pete Verbica: America Needs Statesmanship and Common Sense — Not a Cult of Personality
About Generate
Generate Capital, PBC is a leading sustainable infrastructure company driving the infrastructure revolution. Generate builds, owns, operates and finances solutions for clean energy, transportation, water, waste and digital infrastructure. Founded in 2014, Generate partners with over 50 technology and project developers and owns and operates more than 2,000 assets globally. Generate is the one-stop shop offering pioneers of the infrastructure revolution the money and help they need to get projects built. Our Infrastructure-as-a-Service model delivers affordable, reliable and sustainable resources to thousands of customers, companies, communities, school districts and universities. Together, we are rebuilding the world. For more information, please visit http://www.generatecapital.com
Contacts
For Generate
Emily Chasan
(415) 480-2914
press@generatecapital.com
For Pine Gate Renewables
Kim Wilson
(828) 222-0237
pr-marketing@pgrenewables.com
0) { // Create container for hi-res image jQuery('#bw-release-hires').append('
'); }; }); ]]>
Social Media Profiles
Contacts
For Generate
Emily Chasan
(415) 480-2914
press@generatecapital.com
For Pine Gate Renewables
Kim Wilson
(828) 222-0237
pr-marketing@pgrenewables.com
0 Comments
Latest on ncarol.com
- Master Of Science, Juggernaut Of The Screen: Landon Brittain Emerges As Hollywood's Most Unlikely Leading Man
- Black Dog Venture Partners and VC Fast Pitch to Host "San Francisco Investors and Innovators" Networking Event
- New Book, The KI of Marketing, Helps Small Businesses Grow Without Trying to Outspend Bigger Competitors
- KayeDinero Expands Instrumental Catalog With New Music Released Through I Love Food Media
- Food Journal Magazine Focuses Its Los Angeles Dining Coverage Across Three Editorial Verticals
- Where Do Missouri Plane Crashes Really Happen? Not Where You'd Think
- LCC Asia Pacific Sponsors CubeSatPlus 2026 at UNSW Sydney
- The Sharon at SouthPark Breaks Ground on $178 Million Expansion
- Pattern Recognition In The Arts
- Real Estate Syndication Attorney Tilden Moschetti Releases The Real Estate Private Equity Blueprint
- 5X Gross Margin Improvement to Beat EPS Consensus; $54.6 Million 10-Year Contract Award Puts Cybersecurity Leader on Path to a $30 Million Run Rate
- Couture Master Perfumer JoAnne Bassett Unveils All-Natural Parfum in Oil Collection in Gift Box
- Independent Colbert Packaging Thrives Amid Industrywide Consolidation
- Free Commercial Glass Estimating and Code Compliance Tools Launched by Landmark Construction - The Leading Glass Company in Los Angeles
- Tallahassee Million-Dollar Home Sales Rise in 2026 as Median Selling Time More Than Doubles
- STEM For Kids® Unveil Turn-Key "Screen-Smart" Solution to Bridge Teacher Preparedness Gaps in Texas
- Award-Winning Couture Master Perfumer JoAnne Bassett Launches All-Natural DIY Perfume Making Kits
- Couture Master Perfumer JoAnne Bassett Offers Rare Opportunity to Acquire 70 Formula Perfume Codex
- Slotozilla Reports Strong Growth in Q2 2026
- Flexible Plan Investments Names Carl Resnick President